Error: 8001050F Takes Down PlayStation Network

Something is happening in PlayStation Network land this evening, and it isn't good. Known cryptically as Error: 8001050F, all we know right now is it won't allow users to log into their accounts or play online.

According to one user over at the official PlayStation boards, the error does not prevent him from using the Internet via his PS3, but logins have become nigh impossible. Several other users chimed in after that comment to report identical problems.

Who amongst the Gizmodo population can't access PSN right now to play MAG or any of the other online games at your disposal? And, if so, what the heck are you doing instead?